Energy Vault (NYSE:NRGV) Stock Breaks Above Fifty Day Moving Average - What's Next?

Key Points

• Energy Vault shares moved above their 50-day moving average, trading as high as $3.67 versus the $3.58 average and last quoted at $3.651.
• Analyst views are mixed: the consensus rating is Hold with a $5.76 price target; four analysts rate the stock Buy, one Hold and two Sell.
• The latest quarter came in mixed: Energy Vault reported an EPS loss of $0.17, missing estimates of $0.14, while revenue of $17.37 million exceeded expectations of $14.24 million.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $3.58 and traded as high as $3.67. Energy Vault shares last traded at $3.6510, with a volume of 5,041,772 shares changing hands.

Analyst Ratings Changes

NRGV has been the subject of several analyst reports. Fundamental Research set a $8.03 target price on shares of Energy Vault and gave the company a "buy" rating in a research note on Tuesday, August 18th. Roth Capital restated a "buy" rating and issued a $7.00 target price (up from $5.00) on shares of Energy Vault in a report on Wednesday, August 12th. Weiss Ratings cut shares of Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, August 12th. Cantor Fitzgerald reiterated an "overweight" rating and set a $7.00 price target on shares of Energy Vault in a report on Wednesday, August 12th. Finally, Citigroup lowered their price target on shares of Energy Vault from $6.00 to $4.75 and set a "buy" rating for the company in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.76.

Energy Vault Trading Up 12.7%

The company has a market cap of $663.90 million, a PE ratio of -5.53 and a beta of 1.33. The business has a 50 day simple moving average of $3.58 and a two-hundred day simple moving average of $3.86. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The business had revenue of $17.37 million during the quarter, compared to analysts' expectations of $14.24 million. On average, analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling at Energy Vault

In other news, Director Dylan Hixon purchased 27,472 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average price of $3.88 per share, with a total value of $106,591.36. Following the purchase, the director directly owned 27,472 shares of the company's stock, valued at approximately $106,591.36. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephanie Unwin sold 115,000 shares of Energy Vault stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total value of $426,650.00. Following the sale, the director directly owned 182,245 shares in the company, valued at approximately $676,128.95. The trade was a 38.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energy Vault

Hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC raised its position in shares of Energy Vault by 153.2% during the 3rd quarter. Sterling Capital Management LLC now owns 9,111 shares of the company's stock worth $36,000 after purchasing an additional 5,512 shares during the period. Calamos Advisors LLC bought a new stake in shares of Energy Vault in the 1st quarter worth approximately $48,000. Quantbot Technologies LP bought a new stake in shares of Energy Vault in the 2nd quarter worth approximately $50,000. Hsbc Holdings PLC bought a new stake in shares of Energy Vault in the 2nd quarter worth approximately $57,000. Finally, Walleye Capital LLC acquired a new position in Energy Vault during the 1st quarter valued at approximately $58,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

About Energy Vault

Energy Vault Holdings, Inc develops and deploys utility-scale energy storage solutions designed to help integrate renewable power into electric grids. Its technologies are intended to store electricity during periods of excess generation and release it when demand is higher, supporting grid reliability and the broader transition to renewable energy.

The company's portfolio includes gravity-based energy storage systems, battery energy storage systems and hybrid configurations. Its gravity storage platform, including the EVx system, uses mechanical processes to store and discharge energy, while its battery offerings are designed for applications such as renewable energy integration, capacity management and grid balancing.

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